NEWSROOM

Further Extension to Deadline for Submission of 2019 Tax Returns
27/09/2021

The Ministry of Finance of the Republic of Cyprus issued a decree on 24 September 2021 based on which the deadline for submission of...

DAC 6 - Further Extension of Period With No Administrative Fines
22/09/2021

On 21 September 2021 the Cyprus Tax Department announced an extension to the period over which no administrative fines for overdue submission of DAC6 information will be imposed.

Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels – Procedure and Arrangements
21/09/2021

Through a Circular issued by the Shipping Deputy Ministry on 3 September 2021, the relevant procedure and practical arrangements for qualifying with those incentives has been determined.

Changes to Employment and Social Insurance Regulations
07/09/2021

The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...

Setting Up in Cyprus: Company-Officers-Premises
24/08/2021

We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will also contemplate alternatives concerning premises, as well as for sourcing and appointing officers for the company.

Extended Deadline for Payment of Residual Income Tax for 2020
03/08/2021

Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended...

Income Tax Return for 2020: Further Extension of Submission Deadline
29/07/2021

The Cyprus Tax Department has recently announced that the deadline for submission of the Income Tax Return for 2020 will be extended further from...

Income Tax Return for 2020: Exemption from Submission
19/07/2021

Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.

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